Strong Bullish Signal:
THe price demonstrated an abrupt and confident growth on the large volume yesterday. It shows that the smart money pushed the pair up. Moreover, there is a strong local uptrend.
Volume Zones:
The price is currenty trading inside the new volume zone 1937.20 - 1943.30.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b13/2101/84/cb0f1dab517e.png
Consider Long Positions:
Given all these factors, we may ponder a further growth and the breakout of the new volume zone. It will allow us to open long positions. The surge must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
THe price demonstrated an abrupt and confident growth on the large volume yesterday. It shows that the smart money pushed the pair up. Moreover, there is a strong local uptrend.
Volume Zones:
The price is currenty trading inside the new volume zone 1937.20 - 1943.30.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b13/2101/84/cb0f1dab517e.png
Consider Long Positions:
Given all these factors, we may ponder a further growth and the breakout of the new volume zone. It will allow us to open long positions. The surge must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
